#44 Filip Gregor: How Should Companies Undertake a Materiality Assessment?
Description
In this Frankly Speaking episode, we explore how companies should undertake a materiality assessment when they tackle their sustainability report. The concept of materiality is derived from financial accounting in business and human rights, and very simply asks the question: does this information matter?
To guide us, we welcome back Filip Gregor, head of Frank Bold’s Responsible Companies section and member of EFRAG’s Sustainability Reporting Board, which draws up and recommends the European Sustainability Reporting Standards (ESRS).
Richard and Filip discuss:
How materiality is done in the ESRS and what does double materiality mean
How companies should start to think about assessing and measuring impact materiality
The logic behind the "traffic light" system for risk assessment in EFRAG's draft guidance on Materiality Assessment
Filip’s advice to companies that want to better understand financial materiality
What is the role of the stakeholder in relation to the materiality question
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